Do you remember during the SVB "crisis" when Kevin O'Leary, AKA "Mr. Wonderful," was all over the news, predicting the demise of regional banks and encouraging everyone to move their money to big banks as soon as possible?
Last week, Kevin was on Capitol Hill, predicting a working capital crisis for small businesses with rising interest rates and predicting that capital will soon become too expensive for entrepreneurs.
The irony of all his smoke and mirrors was when I approached Kevin a few years ago at a dinner to suggest that a banker should be on Shark Tank to provide alternatives to equity. He responded, "He was the bank of shark tank," while sipping his mediocre wine.
Enough nonsense !!!
There are plenty of concerns about the economy that have to br considered. I just think that kevin o Leary speaks for the headline and his own ego instead of thinking and proposing solutions. The press eats it up which is also silly.
Are you saying that it's not a concern? We just hit $33 TRILLION in debt. The dollar is going to decline and after the Fed lowers rates again, inflation will jump .